Wärtsilä, the marine industry’s leading solutions provider, has been awarded the contract to supply the propulsion equipment for a new, state-of-the-art, research vessel. The vessel will be operated by the UK’s Natural Environment Research Council (NERC), and is to be built at the C.N.P. Freire S.A.
Bounty Oil and Gas NL announces that the “Ocean Patriot” semi submersible drill rig reached the New Seaclem-1 drilling location, 55 km due east of Newcastle, NSW, and ran the first anchor at approximately 0700 AEDST. Once all anchors are run, the rig will ballast down and prepare to spud. New Seacle
EnCore Oil plc announces that the Transocean Galaxy II heavy duty jack-up rig left the standby location in the UK North Sea on Sunday 12 December and is en route to the Varadero location on Block 28/9. Subject to weather and any operational delays, the rig is expected to arrive at Varadero later tod
GE today announced its intention to make an offer for 100% of Wellstream Holdings PLC , a leading engineer and manufacturer of high-quality flexible pipeline products for oil and gas transportation in the subsea production industry. The terms of the transaction, which value Wellstream’s share capita
Lundin Norway AS, operator of production licence 400, has completed the drilling of wildcat well 3/8-1. The well was drilled about 7 kilometres east of the Trym discovery in the southern part of the North Sea. The primary exploration target for the well was to prove petroleum in Permian resevoir roc
MEO Australia Limited advises that since the last progress report, the 9-5/8” casing was run and cemented to a depth of 2,971m MDRT and the 8-1/2” hole was drilled through the target reservoirs to a total depth of 3,500m MDRT over the weekend. No hydrocarbons were encountered in the objective reserv
Western Sahara Resource Watch (WSRW) has asked international banks to halt further funding of the US oil firm Kosmos Energy. The company is exploring for oil offshore occupied Western Sahara. Should Morocco – through its US partner Kosmos Energy – discover oil offshore Western Sahara, it will underm
Europe can meet its 2050 ambition of reducing its CO2-emissions by 80 per cent compared to 1990, in a faster and more cost-efficient way if natural gas plays a significant part in the energy mix going forward. In a report initiated by a group of experienced gas players in Europe and delivered to the
Despite recent oil finds by UK-based oil firms Rockhopper Exploration (AIM: RKH) and Desire Petroleum (AIM: DES), the Falkland Islands … By James Fowler / Business News Americas [mappress] Source: BNamericas , December 10, 2010; Image: Fogl
During the period of 1-4 November 2010, the Petroleum Safety Authority Norway (PSA) carried out an audit of Transocean Offshore Ltd’s (Transocean’s) management of major accident risk and handling of barriers. The audit activity was started with an all-day meeting with the management on land on 21 Oc
VAALCO Energy, Inc. provided an update on its horizontal development well (ET-7H) in a known separate fault block in the Etame field and on its exploration well (ETOMG-1) on the Omangou prospect, both wells located offshore Gabon. The Company has laid and connected production, service and gas lift l
Woodside has executed a five year US$1.1 billion syndicated loan facility with 34 domestic and international banks. Funds from the loan will be used to repay the US$1.1 billion syndicated loan facility executed in May 2009. Australia and New Zealand Banking Group Limited and The Bank of Tokyo-Mitsub
Havyard Group is strengthening their efforts and focus in the Brazilian market by creating Havyard South America. Through our new company we can give much better support to Brazilian customers wishing to buy Havyard Group`s products and services. Havyard South America`s office in Rio de Janeiro is p
“The toughest vessels in the world are the x-bows. And in the film world, the villain is the toughest. Therefore, an x-bow vessel is the villain in the latest ‘Elias’ animation. And that’s why we invited you to the cinema tonight”. These are John M. Jacobsen´s words. He is the producer of the animat
